Nemes Rush Group LLC Buys 8,109 Shares of D.R. Horton, Inc. $DHI

Nemes Rush Group LLC increased its stake in D.R. Horton, Inc. (NYSE:DHI) by 7.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 123,548 shares of the construction company’s stock after purchasing an additional 8,109 shares during the period. D.R. Horton makes up 2.1% of Nemes Rush Group LLC’s holdings, making the stock its 12th largest position. Nemes Rush Group LLC’s holdings in D.R. Horton were worth $20,938,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Winnow Wealth LLC bought a new position in shares of D.R. Horton during the third quarter worth about $960,000. Berkshire Hathaway Inc bought a new stake in D.R. Horton in the 2nd quarter valued at approximately $191,491,000. Mediolanum International Funds Ltd lifted its stake in D.R. Horton by 96.6% in the 3rd quarter. Mediolanum International Funds Ltd now owns 151,153 shares of the construction company’s stock valued at $25,670,000 after acquiring an additional 74,266 shares in the last quarter. Arete Wealth Advisors LLC acquired a new position in D.R. Horton during the 3rd quarter worth approximately $946,000. Finally, Trinity Street Asset Management LLP acquired a new position in D.R. Horton during the 3rd quarter worth approximately $25,140,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Down 1.6%

DHI stock opened at $145.27 on Wednesday. The company has a current ratio of 6.63, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $42.09 billion, a PE ratio of 13.19, a PEG ratio of 2.28 and a beta of 1.43. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $184.54. The business’s 50 day simple moving average is $155.15 and its 200 day simple moving average is $156.97.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.05. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The business had revenue of $6.89 billion during the quarter, compared to the consensus estimate of $6.66 billion. During the same quarter last year, the firm posted $2.61 EPS. The company’s quarterly revenue was down 9.5% on a year-over-year basis. As a group, research analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, February 5th. D.R. Horton’s dividend payout ratio (DPR) is currently 16.35%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group reiterated a “buy” rating and issued a $195.00 price objective on shares of D.R. Horton in a report on Tuesday, January 13th. Argus increased their target price on shares of D.R. Horton from $175.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $155.00 target price (down from $180.00) on shares of D.R. Horton in a research report on Tuesday, January 6th. Truist Financial set a $155.00 price target on shares of D.R. Horton and gave the stock a “hold” rating in a research report on Tuesday, March 3rd. Finally, Keefe, Bruyette & Woods restated a “reduce” rating on shares of D.R. Horton in a research note on Tuesday, January 27th. Four equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $159.93.

Insider Activity

In related news, SVP Aron M. Odom sold 260 shares of D.R. Horton stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $167.55, for a total transaction of $43,563.00. Following the completion of the sale, the senior vice president owned 6,457 shares of the company’s stock, valued at approximately $1,081,870.35. The trade was a 3.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.66% of the company’s stock.

D.R. Horton Company Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.